Industry News

Halliburton successfully installed a 12-zone intelligent completion for an operator in the Middle East. This installation doubles the number of zones Halliburton had previously completed in a single well.The 12-zone SmartWell system completion included 12 SmartPlex electro-hydraulic interval control valves (ICVs), distributed fiber-optic sensing from hanger to toe, and DataSphere Opsis downhole pressure and temperature gauges at the heel and toe. This extended-reach completion had more than 10,000 ft of 6 5/8-in. lateral section (total measured depth 21,555 ft).The completion was delivered as designed, with no reported incidents or HSE events. Following installation, the team also verified the ICVs, monitoring

Woodside has successfully started oil production from the Sangomar field offshore Senegal, marking a significant milestone as the country’s first offshore oil project.“This is an historic day for Senegal and for Woodside,” said Woodside CEO Meg O’Neill. “First oil from the Sangomar field is a key milestone and reflects delivery against our strategy. The Sangomar project is expected to generate shareholder value within the terms of the production sharing contract.”Sangomar Field Development Phase 1 is a deepwater project that includes a stand-alone floating production storage and offloading (FPSO) facility with a nameplate capacity of 100,000 barrels/day, as well as subsea

Dolphin Drilling has made the strategic decision to sell and recycle the drilling rig Dolphin Leader. This decision aligns with the company’s ongoing efforts to optimize its fleet and enhance operational efficiency. Dolphin Drilling will collect net $5.8 million for the rig when sold, and Dolphin Leader will be recycled in a responsible manner in accordance with applicable international standards.（2024-06-12）

Karoon Energy reported that the Who Dat East exploration/appraisal well, MC 509-1 (LLOG), has reached a depth of 6,614-m MD in the 12 ¼-in. hole section. Intermediate wireline logging was completed prior to setting 9 ⅞-in. casing, and the well will drill ahead in 8 ½-in. hole to a planned final TD of 7,900 m. The borehole angle through the 12 ¼-in. hole section is approximately 45 degrees.The Who Dat East well is located in the MC 509-1 lease area, 27 km east of the Who Dat floating production system in a water depth of approximately 1,300 m, in the

Noble Corp will add to its portfolio following its announcement of a definitive merger agreement to acquire Diamond Offshore Drilling. As part of the transaction, Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration of $5.65 per share for each share of Diamond stock, representing an 11.4% premium to closing stock prices on June 7, 2024. Upon closing, Diamond shareholders will own approximately 14.5% of Noble’s outstanding shares.Following the transaction, which is expected to close by Q1 2025, Noble will own and operate a fleet of 41 rigs including 28 floaters and 13 jackups. The transaction is subject

Transocean announced contracts for three of its harsh-environment semisubmersibles. Together, the fixtures represent approximately $161 million in firm contract backlog.A three-well contract extension with Wintershall was awarded to the Transocean Norge. Scheduled to begin in Q1 of 2028, this 140-day program is a direct continuation of the rig’s current program and contributes approximately $71 million in backlog, excluding additional services.In Norway, the Transocean Spitsbergen was awarded a three-well contract extension with Equinor. The program is expected to start in Q4 2025 in direct continuation of the rig’s current program. It will contribute approximately $72 million in backlog, excluding additional services,

The latest analysis from consultancy firm Westwood Global Energy Group reveals that despite favorable oil prices in 2022, high-impact exploration drilling in 2023 declined by 21%. Reasons include energy transition strategies, industry consolidation, rising well costs and reduced activity in former hotspots.The report also reveals that the commercial success rate is down 7% from the previous year – the lowest since 2018. Fewer giant discoveries (>500 million BOE) have resulted in a year-on-year decline in the average discovery size. The decrease is from nearly 500 million BOE in 2019 to ~220 million BOE in 2023, the smallest since 2014.At the

TotalEnergies announced several significant steps toward the final investment decision (FID) of the development of Block 58 offshore Suriname. The decision is expected in Q4 2024, with goals for a production startup in 2028.At the 2024 Suriname Energy Oil and Gas Summit, the company noted that FEED studies are progressing for the development of the Sapakara and Krabdagu fields. Combined recoverable resources of those fields are estimated at above 700 million bbls, to be enabled by the integration of water alternating gas injection technology to maximize recovery. Ocean bottom node (OBN) seismic technology will also play a key role in